Sep 22, 2010 6:00am EDT
mean, certainly there's still questions out there but the rulemaking is going to need to clarify for us. but kind is based on even where you think it's coming out today, how is it going to change what you do? >> well, specifically on the pension side because they did something that was pretty smart a couple years ago they entered into a long-duration program, where we moved more of the pension investments from equity into fixed income. and so also looking at doing more physical interest rate swap. the same is to minimize the interest rate volatility. if you want to add on additional 10 to $15 billion in interest rate depending on how legislation decides to set the initial variation margin, you may forgo doing some of that because so much capital is being set aside and entered into a hedging portfolio pictures they knew what to limit volatility. but now you're adding this cash component because you have to set aside that much working capital. honestly hopefully the look of the maybe complex securities and do other things and do more net income aware that risk is minimized and so the cach
Sep 22, 2010 2:00am EDT
, not by the service chiefs, a process that was supposed to inform us with one that merely ratifies a politically-driven decision. we all fall or to hearing your thoughts about whether the comprehensive review should be allowed to run its course in this fashion, and what you feel about the affected could have on the united states marine corps. we also look forward to hearing your professional military advice about what policy is best for your branch of our armed services, the effectiveness and readiness of which you will be entrusted with maintaining at the highest levels if confirmed in this position. today our military continues to be engaged in combat operations, and career officers, in ceo's, and their families, are being asked to do so much. it would be a mistake to ignore the views of our troops and the military advice of the service chiefs, and for the senate to act prematurely to repeal the tariff don't ask, don't tell law for the sake of fulfilling a political promise. i look for to the testimony of general amos today, and i again thank him and his family for their service.